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20121201
20121231
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. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful t
down over the skyline in mobile, alabama. it's just one of several twisters reported in that city, and residents are telling us they felt surrounded. >> and when it come down, we looked and everything seemed green like it was popped off transformers left and right. we heard a noise, and then all of a sudden i took off and off and started walking down here. >> i prayed to god as loud as i could and, i was just praying for my safety. i knew that the truck was knew the truck was shaking. i just prayed that the truck stay put and that god would protect me. jamie: a lot of praying going on in that part of the country. they're used to this kind of weather, but just not now. mother nature is also taking a toll on the midwest. take a look at this, snow and ice-covered roads have forced residents to stay indoors. they're patiently waiting for the storm to pass, at least we hope so. news extreme weather center. i'm surprised, maria when we look at video how many people are on the roads. that's crazy. >> stay home today. stay home with your families if you don't have to go to work. those con
a healthier holiday at letsfightholidayfat.com. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. gregg: new concerns for president obama and his choice for the nation's next secretary of state. some republican senators refusing to vote to confirm massachusetts senator john kerry until america's current top diplomat, hillary clinton, testifies about the terror attack in libya that killed four americans on september 11th. former u.s. ambassador to the united nations john bolton and a fox news contributor joins us. thanks for being with us today. if she testifies, what do you want to hear from her? >> well, i think there are a range of questions that only she could answer. it's been now 3 1/
count who's doing what. i've seen -- >> being very parochial. we live in new york city all three of us, we are on the subways in new york, not on the subways in asia where knowing yas and samsungs are much bigger players. >> fair enough. but? for the u.s. carriers. i have seen one nokia lumia on the subway the last three months. >> but here's what a nokia spokesperson had to say ultimate slick, a car years decision on operation, up to at&t and verizon and so on and the spokesperson points out that samsung is doing the same thing. not just us. samsung is doing it, too. good response there. what stock should you be watching when the opening bell rings? get word on the street from a trader and on what to expect. that is next. >>> later, commodities i hating snag the next few months what is ahead for the new year? we are making predictions. take another look at futures as we head into this thursday open. looks like we are a little bit higher, jobless claims did come in better than expected here. the dow looking at 18 at the open. more "squawk on the street," straight ahead. [ male announce
to massachusetts. also got the houston mayor to tell us how her city is preparing for a strike. futures still a little jittery here this morning. dow down 86. "squawk on the street" back in a minute. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> instagram users may have made good on their threat to dump the photo sharing app after the controversy over new privacy rules, according to app data in the "new york post." app data says that instagram may have shed almost 25% of its daily active users as a res
. lawyers from both sides meeting with a judge in new york city. charges were dropped but the former maid filed a civil suit against the kahn who was once considered a strong candidate to become president of france. >>> in a florida murder trial, didi meyers will not take the witness stand. she is charged with swindling, shakespeare out of $17 million and murdering him and burying his body. >> police are asking the help to solve the case. jack and jerry mcgee were shot to death excuse style last december. police believe the murders were well-planned but they have yet to identify any sus speck. jenna: a weather alert. parts of the upper midwest are digging out after powerful winter blast. this is blizzard conditions as you see on your screen and bringing record snowfall. meteorologist maria molina is live from the fox weather center with more. maria? >> that's right, we saw significant snowfall across portions of the midwest over the weekend. that is actually somewhat good news for the peel. we're looking at a lack of snowfall across the area over last several weeks. finally additional sno
. >> he was stolen from a street in new york city and now thanks to good samaritans the dog is back home. >> whoa! >>> there goes santa! look at that. >> this sad, an alabama fan, a hat, and tickets to the bcs title game. >> we're going to the game! ♪ >>> welcome to cbs this morning. we begin with this powerful storm system that caused a string of tornadoes that damaged buildings and knocked out hour in places like louisiana, mississippi, and alabama. it dropped heavy snow in parts of texas, oklahoma, and arkansas. >> it's blamed for three deaths and we'll check the forecast but we begin in hard hit mobile alabama where blake brown of our cbs affiliate is watching the tornado damage blake, good morning. >>> good morning this is the scene here in mobile, we have big trees down powerlines down, roof damage and it is just hours after the storm ripped through the city. >> volatile conditions as tornadoes toucheddown around mobile. >> i was screams and hollaring, and i was just scared to death. >> we ran into the cooler, got all of the employees in the cooler, and it cam
the cameras are rolling and you capture this craziness. >> amazing picture. my goodness. >>> oklahoma city police are looking for whoever put two pipe bombs on a truck. the driver found them attached to his fuel tank after he got back from a 400-mile trip. the truck reportedly was hauling rock. you can imagine what happened if this thing blew up. a bomb squad destroyed the explosives. >>> also new this morning, a medical chopper goes down in north central illinois, it was on its way to a hospital. three people on board all crew members, were killed. rockford memorial hospital told the chicago tribune that two nurses were on the chopper as well. no patients were on the chopper. >>> just 21 days until the tax hikes and spending cuts kick in. remember, congress is supposed to break for the holidays at the end of this week. here's the latest. house speaker john boehner and his aides were quietly conducting behind the scenes fiscal cliff talks with the white house. on capitol hill for one day at least, all was pretty quiet. posturing and finger pointing kind of stopped. cnn political reporter s
yet. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smar
housing data out tod home prices rose 4.3% in the 12 months ending in october in a 20-city composite, beating analysts' forecasts. it did appear as 12 of the 20 cities in both composites posted monthly declines in october. david blitzer will join us in just a few minutes to go over this data. bottom line here, better than expected. maybe this is enough to keep this sector going. a very strong sector in consumer discretionary overall. home builders have really been a double in 2012. >> it wasn't until the second half of this word that you started hearing the words housing and gdp growth in the same sentence. perhaps the most significant part of the economy for so much of the early parts of the 2000s. we'll see. they do call it a sustained recovery. that is, s&p-case schiller, and the recovery continues to gather strength. >> the best performing sector, though, financials. >> financials, yeah. >> 26% on financials. utilities the only one lower for the year. nine out of ten s&p sectors higher. that doesn't happen a whole lot. >> no. >> when we come back, christmas day may be over, but w
in one of the most dangerous cities in the world. i'm wolf blitzer. you're in "the situation room." >>> we begin with president obama getting into a new fight with republicans and it's a fight he may actually lose. this afternoon in detroit, the president blasted a package of anti-union bills. michigan republicans, governor, is ush pushing through his state's legislature. >> what we shouldn't do, i just got to say this, what we shouldn't be doing is trying to take away your rights to bargain for better wages and working conditions. >> even though the cheering went on for nearly half a minute, it looks like those anti-union bills may, in fact, have enough support to pass michigan's legislature, despite union threats of massive demonstrations. cnn's alison kosik is in the capital, lance, watching what's going on. explain what the fight is all about, why it's so intense. >> reporter: well, first of all, here at the michigan state capit capital, it's more about the calm before the storm. those demonstrations of thousands of people descending on the state capitol. police are gearing up
san francisco to seattle. it will be white for tomorrow in wichita, oklahoma city, little rock and spokane. let me give you a picture about how rare this event is. this area of low pressure, it's deep and it's to the south and it's very strong. rare tornadoes. we are going to see them tomorrow. louisiana, mississippi, alabama, georgia. but the last time we had tornadoes on christmas was 2006 when we had six. the last time we had 12 was 1969, and we could see 12. not out of the question. rare snow in oklahoma city. we expect 5 to 8 inches. of the last 120 years alina we've had snow on six occasions, and that was at aleast an inch. >> wow. thank you so much. we'll check back with you later. thanks for watching cnn newsroom. newsroom international with suzanne malveaux starts right now. >>> i'm suzanne malveaux. this is the christmas eve edition of "cnn newsroom." for a lot of you today is last minute shopping or preparing christmas dinner or taking time with your families. while you're getting busy or ready for the celebrations, we'll keep you updated and, of course, the holiday
@cnbc.com. coming up, the outlook for health care in 2013. here's a hint -- think taxes. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> time to prep your portfolio. bertha coombs with what's in stoke for the health care sector in 2013. >> reporter: the rollout of bicycle care will weigh heavily on health care services, medical devices, and health insurers. hospital stocks the best performers in the health care sector in 2012, likely to be volatile and vulnerable in 2013. new medicare rules peg reimbursement rates more to outcomes rather than just the number of procedures. for insurers, 2013 will bring more m&a to diversified business as u.s. profit margins are kweezed by regulation and competition -- squeezed by regulation and competition. the acquisition of brazil
's real the governors, mayors and city states who are going to say, hey, this is going to increase our cost of borrowing. we're barely coming out of recession. you can't do this to us. >> is there a municipality right now that you know is planning on an issue later in 2013 saying this is going to screw us up in a real way? >> i don't know of any specifically, but they're basically all saying it. new york city comes to market multiple times a year. >> all the old bonds will be type. is that right? >> i'm going to make the stand and say that they will. but in the last -- >> then they become more dear, won't it seems to me. >> yeah. but what had happened is that last week and the week before, all of a sudden there was this thought because it had been thrown about that it wouldn't be retroactive. on top of that -- >> why wouldn't that cause him to go up? >> because that means that the tax, the cap on deductions would be retroactive to all bonds. >> it wouldn't be retroactive. >> no. what happened two weeks ago was that had been on the table. >> that it would be retroactive? exactly. >> how
mistakes including the massive citi center project in vegas that drove the company to the brink of chapter 11. this is a turn that's been years in making but now businesses are starting to come back. you haven't missed anything so this is the moment. let me explain. not long ago it was a real sick customer. took on a ton the debt when las vegas was fabulous place to do business. when the vegas market got annihilate during the great recession, mgm was crushed. think of it like this. i'm looking for analogies all the time. mgm was on its deathbed. company was on life support. the revenues tumbled from 2007 through 2009. patient was slipping. then mgm got a pacemaker in the form of a new ceo when a one-time wall street gaming analyst took over in december of 2008 right at the height of the recession. vegas business stabilized in 2009 and 2010. the president said he didn't like trips there or something. the doctors are making improvements with mgm with rebound in chinese economy, mgm's business is getting a much needed hip replacement. on top of that management is doing the equivalent of spina
how some cities are arming teachers. while many parents are taking safety into their own hands by buying bullet-resistant backpacks for their children. >> there's a lot of fear out there. there is a lot of fear. >> nothing shows it more than that. >>> let's get to the breaking developments on the extreme weather battering much of the country. there's reports of damaging tornados in the south? >> yeah, everything you're going to see, elizabeth, is coming from one storm system. from those dust storms in texas, to the severe warnings in seven states. let's take the ones that are immediate right now. the biggest danger from the severe storm reports. we have multiple tornado warnings popping up right now in alabama and louisiana. we had reports of folks trapped in mobile and damage in the storms popping up as we speak right now in all of those storm zones. this is where the storms are likely to be strongest today. this storm system has a big snowmaking low to the north. but a cold front to the south. jacksonville, to atlanta to charleston to raleigh. this is where the strong storms,
just under $2 a share. contending with downgrade from citi, a number of price target reductions this morning. and then defended on the other side by the likes of morgan stanley, as well as barclays. interesting stock move here. battleground. truly a battleground right now. >> at my old hedge fund, we used to talk about the battle of the psalm, where 60 british soldiers were killed that morning. you just don't know what's going to happen. i don't like the maxims. weight until 2013. >> meantime, the dow is up close to two-month highs here. despite the skepticism we went into december with, regarding policy. the market was the big point among some of the papers. >> i went through the charts this weekend, spending about five hours going through the hand charts. and it was just -- there were so many positive ones. i like the hard copy. >> since 1988. >> why not. it was a good deal. >> i had a lot of hair then. i was -- i was having a good time. >> when we come back, jim cramer's thoughts, six stocks in 60 seconds. i love this show. 18th, five days later, i had a massive heart attack.
-looking forecast. maybe some snow here. looks like rain down the city toward washington, d.c. too warm for snow out of this one. stay tuned. next wednesday, guys, could be talking about a nor'easter, it's been a while since we've seen one of those. >> oh, no. >> just want snow. it's not -- correct me if i'm wrong because i've been wrong, it's not winter yet, is it? i'm afraid to say how many days it is because i'll mess up the math. it's not winter yet. we -- >> it's technical. in weather world, winter starts on december 1. >> wally world? >> meteorological winter. weather world. not clark griswald. >> december 1? it is winter. >> according to the sun the start of winter is december 21. also the end of the world. maybe we won't see weather. >> that's right. that's right. it is. you know, the -- the vatican says the world is not -- i'm going to go with the vatican on this. >> as opposed to the mayans. >> yeah. >> pagans versus -- >> yeah. >> i think that's fair. i expect being here on the 22nd -- >> like the fiscal cliff. if you can't be an optimist, you can't show up. >> but if the end of the world
to the foundation's intent to sue the city for its city seal which contained a cross and a billboard that included elements of that city seal that was in a city park. mr. speaker, this is an outrage. the seal and sign are harming no one. they are widely embringsed by the citizens of bulla kansas. it contains the words values and progressive ideas. unfortunately in this case progressive ideas are making a war on traditional values and it's high time for that to stop. some will claim the first amendment to the constitution requires the cross be removed from this seal and sign. that's hogwash. the first amendment begins with the words congress shall make no law prohibiting the free exercise thereof. in this instance congress made no law. for that reason alone the first amendment does not apply. furthermore, it cannot be set that this simple seal in any way is an establishment of religion. there is no officially supported secretary or denomination in the manner, this is not in any way an endorsement of any particular religion or any religious denomination. in short the first amendment as originally wr
. if you are in new york city, schoolteachers and firemen make $100,000 a year and they are easily in households the approach the limit. it depends and where you live. among high-income people, there is a wide range of what people pay in taxes. if you're a lawyer in washington, i find them to be reasonable people who work long hours. you are probably paying 28%. if you are on wall street and you are well-connected if you have a capacity to have your income defined as investment as opposed to salary even though it is indeed salary income. if you are somebody like jamie dimon or warren buffet, you can get away with 14% tax. the real problem with upper individuals are not the people who pay the taxes we intend for the to pay, but all the people who get away without paying any taxes at all. those tax breaks and write offs are derived by the president and by democrats, but they never seem to get fixed. one reason is republicans do not want them fixed. and the other hand, the democrats get a lot of campaign contributions from wall street. that is a real problem on both sides of the aisle
said, at the big board, the ballet from monte carlo. performing until january 6th in new york city. and over at the nasdaq, a group that does a lot of good work at this time of the year, the salvation army. >> some like it hot. >> interesting. >> the birth cage. bird cage. >> looking where we are opening, no surprise to the down side here. initially out of the gate, one of their biggest losers is microsoft, down by more than a percent. we were talking about whether or not there will be any upside to pc sales. a lot of the data points indicated by "the new york times" saying no. saying pc sales are lower than expected. you've got microsoft down by about 1%. one of the leaders for the year, you mentioned bank of america, the best performing stock on the dow. a double this year if you're lucky enough to get in on bank of america and stick with that trade. across the board financials seeing a little bit of weakness in today's session. >> keep an eye on facebook. obviously the news a little thin this morning. the sunday "times" of london reporting the company has various methods of tax
. lysol. mission for health. ♪ >>> this story will not upset anybody. according to tmz, the l.a. city attorney is planning to file documents asking the judge to revoke lindsay lohan's probation and put her behind bars. prosecutors are now out for blood and they want her probation revoked because of criminal charges filed against her in santa monica stemming from her car accident. city attorneys don't need to do much. the judge can act on her authority alone. she's set to be arraigned today on three misdemeanor accounts including lying to the cops, obstruction. she could be locked up by the judge later today. no one shedding a tear. i can imagine. but hey, she did it to herself. can't sweat it. >> poor thing might do her some good. >>> so george w. bush, former president, now going to have a new title. grand daddy. his daughter jenna bush is expecting her first child. she's 31. her husband, henry, who is 34. they've been married four years. they live in manhattman hat. -- manhattan. last month, she described herself as a home sick texan living in new york. so he's very excited. and als
, but new york city expecting a high of 45 today. mostly sunny in the ohio valley, into parts of the northeast. still scattered showers in parts of south florida getting very close to the record, the yearly record of rainfall in miami. as we wrap it up, from fargo and on the other side of the river, expect snow showers. still balmy, beautiful showers in dallas. mostly sunny and 65. back to you. >> reynolds, thanks so much. thanks for flag along. >> you bet, guys. >>> americans want action when it comes to the fiscal cliff. john, you'll give us some of the highlights, but with what we've told them about what will happen if we go over, i guess we shouldn't be too shocked that they don't want to go over. we've basically said there could be a recession, there could be millions of job losses and everything else. so i guess we probably shouldn't be surprised by that. >> no, we shouldn't. they've gotten the message. they've absorbed it. we've asked in the survey how serious a problem is the fiscal cliff? and you get 68% of the people saying it's a very serious problem, which tells yo
into sadr city you would make sure you have security. it is better than it was by far, it's a million times better than it was an six and a seven and i have to say from a military perspective, the search really did drive down the level of violence. it was the surgeon made possible for american forces to leave but there are very unsettled political issues including the threat towards authoritarianism by the iraqi government. >> michael gordon's new book, "the endgame" the inside story of the struggle for iraq, from george w. bush to barack obama. mr. gordon its it's november 2012 right now. how many americans are in iraq? >> there are no american troops performing a military function there. what they are is about 200 odd american military personnel who are at the embassy in their primary duty is to sell american equipment to the iraqi government, m-16s and the like and then an apparently sizable american embassy which will be contracted by the state department by 25%. what you don't have, in and there is a -- and kyrgyzstan and a conflict outside of basra in northern iraq, but the united sta
-yah from salt lake city, utah. >> good to have you on the show. >> caller: hey, my stock is patterson uti energy. i brought it in august, and i wonder if it's time to ring the register or buy more. >> i would ring the register because i think the domestic drillers are not doing that well. let's take it off the table. ruth in new jersey. ruth. >> caller: hi, jim. >> hey, ruth, how are you? >> caller: great. greetings from cherry hill, new jersey. >> man, that's where my grandparents are from! what's up? >> caller: wonderful. great town. >> yeah. >> caller: listen, thanks for all you do for us, cramer. >> thank you. >> caller: and my stock is hain. >> i want to own hain. people are panicking. it came down. a lot of people had big capital gains in it. i'm not concerned. i think irwin simon is doing a terrific job. i want to buy hain right here. let's go to bob in kansas, please, bob. >> caller: thanks, jim, for taking my call. >> you're quite welcome. >> caller: i have a significant interest in kendall morgan. and in view of the administration's attitude towards oil and gas, should i sell or
the cities you mentioned, we're on it. >> you're on it. >> downtown l.a., we're working on it. >> one of the reasons i ask that is because a fellow from northern ohio wants to know, gary 500k, is ohio -- more than ohio too blue collar for whole foods? >> heck no. we're continuing to find. this year we opened up in boise, idaho, right? next year we have wichita, kansas, lincoln, nebraska. >> and there's nothing there. >> we're going to go there. >> you got your first one in hyann hyannis. >> kind of pricey, but we did get a nice spot in hyannis. tell him thanks for the suggestions. >> i thought it was funny because i thought someone might say, look, tell him i wish you had more gluten and whatever, and you have a lot of gluten-free. but all people wondering why they can't have whole foods closer to their house. >> 2012, the greatest year of the company. despite all the noise out there, we're accelerating, growing, faster, it's good. >> within the stores, you talk about how you're changing, you've got new things coming out, you rolled out something i didn't think would be big, but appar
miles inside time in his east germany but was still a free city protected by the western powers. in november 1958, khrushchev delivered an ultimatum. the west had to be out of berlin and six months, or else. this is a crisis, the greatest crisis of the cold war up to that point. the press, congress and much of the eisenhower administration this men were. we need to show resolve, it was said, to beef up our troop strength and get ready to divide the red army. meeting privately with his advisers and congressional leaders, president eisenhower said we aren't going to do that. indeed he said we're cutting our forces in germany by 50,000. is advisors and accounting were bewildered. cut our troop strength? won't that show went to this -- won't that show weakness? i was all alone. he was heavily criticized in the press. but he is seen utterly unfazed. i've now had a great capacity to take responsibility. the amazing that famous photograph taken of ike on the eve of d-day, june 1944, general eisenhower as a supreme allied commander wearing his uniform and talking to a group of paratroop
. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> mid november's closing low. america, you are right now betting wealthier. >> if i didn't know better, i would say it is a roaring boom market. >> it feels like a growth, optimistic world. and then you say, what am i missing here? monitoris many is becoming more fashionable. well there are charts if you look at the last fo
, everybody. take a look. 234 our headlights this morning, new york city mayor michael bloomberg is considering whether to make a bid for the "new york times." the ft's publisher is about to lose two of its top executives, raising speculation that the newspaper could be up for sale. eric fisher joins us from the weather channel this morning and, eric, it was not cool out here today, but i did see a lot of rain. is that around the country, as well? >> it is. we're watching winter storm caesar. this is what it left behind. blizzard conditions around south carolina and north dakota. over in minnesota, we have anywhere from 8 to 17 inch snowfall totals. a lot of cold air behind the system. eventually that will get over towards the eastern seaboard. 12 in minneapolis. 8 and below in international falls. you get over towards chicago and into des moines, st. louis, gusty winds bringing those windchills way down. winter finally showed up here across the upper midwest. here in the northeast, there's the rain we were talking about around boston. a little bit of a break this morning. the bi
much time in pennsylvania think of it as a -- a state of big cities and small towns but they may miss the -- the substantial agricultural economy that we have. agribusiness in our state is a $46.4 billion industry. 17.5% of pennsylvanians are employed in the so-called food and fiber system. and one of the questions we have to ask is: what does this all mean? well, i think it certainly means that at least we need a five-year farm bill, not -- not a short-term farm bill. we do too much of that around here on -- on other areas of public policy. we should do what we've always done in the senate long before i got here, passing five-year bills with regard to the farm bill. it does create economic opportunities in rural areas. it sustains the consumers and businesses that rely upon our rural economy. the senate-passed farm bill would reduce the deficit by approximately $23 billion through the elimination of some subsidies, the consolidation of programs, and -- and producing greater efficiencies in the delivery mechanisms in programs. now, we're having a big debate about the end of the year a
and the wind. we will see issues in places like new york city, possibly as far south as raleigh. pretty easygoing. we'll be seeing the heavy rain in places like san francisco. oakland could have some backupes and perhaps some in portland and seattle. back to you guys. >> all right, reynolds wolf. got it. >> you know, you don't lose anybody if you go wolf reynolds. we have said that. >> reynolds, he also has carl. he wants him to be carl quinn. >> you do, really? >> you hear tr people who don't do it on purpose, though, reynolds. that's the thing. you're in on it. we're all in on this together. anyway, congratulations on still being here, reynolds, and maybe we'll see you next week. >>> coming up, why share of blackberry birmingham rim popped and dropped after the bell. i'm thinking also, becky, they will buy me an iphone here. now i'm thinking i go with this new thing, this new -- >> the blackberry 10? >> yeah. all i use it for -- i don't know how to do the stuff you're supposed to do, anyway. >>> plus, speaker boehner -- >> you can get your mail on your blackberry and your ipad. >> fai
to overcome an object city national minority -- obstinate minority. cloture is needed, we're told, because members of the minority refuse to stop delaying. but does filing cloture hon a matter, be it a bill, amendment, or conference report, on the very same day the senate is considering that matter indicate a minority that is prolonging debate or does it indicate a majority that is eager not to have a debate at all? to me, a habitual effort to file cloture on a matter as soon as the senate begins to consider the matter indicates the latter. and what do the numbers show about the use of cloture by this democratic majority? according to c.r.s., the current senate majority has filed cloture on a amendmen a matter y same day it considered the matter three and a half more times than the senate republicans did it when they were in the majority. the current democratic majority has done so well over 100 times. to put it another way, senate democrats are much more apt to try to shut off debate on a matter as soon as the senate begins to consider a matter than were previous majorities, including mo
the scenes at the history and literary life of new york's capital city, albany, on c-span to and it c-span3. span3.c- [bell rings] >> this weekend on c-span3, follow harry truman's eldest grandson to hiroshima. >> everybody has their own view of what happened. survivalant to argue or about the history. i think we are past that. my goal for behing here is to honor the dead nand listen to the living and do what i can to ensure this does not happen again. >> he will discuss meetings with bomb survivors. sunday at 9:00 p.m. eastern on c-span3. >> "washington journal" continues. host: armstong williams, how do you see the fiscal cliff negotiations going? where do you see them going? guest: there is no doubt that the president signaled yesterday in his conversation to the speaker of the house, and no matter what the drumbeats of the politicians and activists may say to the media, there is no question he is committed to resolving this issue. you cannot resolve this issue bringing people back to certainty or to help business owners understand the liabilities they will face on january 1, 2013. there
. announcing to protect the city and exposing even greater against the rebellion and the united nations. while it may be too early to draw many conclusions, m23 failure to rally would greatly present a common front may signal the beginning of a new era of trust building between ethnic groups after two presidential elections that empowered the congolese to seek change to the ballot, instead of against, m23 has no popular appeal. but the highly controversial and contested 2011 presidential state election, [inaudible] making it impossible for the government to mobilize at a time of crisis. m23 exacerbated the legitimacy crisis by exposing the state in the to protect its citizens. the government failed to be the professional army. throughout the most important single element, coveted natural resource. without such a competent military, drc is unable to stop the search. and said, the government of uss chosin to compromise and co-opt them with no disruption of the rank-and-file. the lack of an adequate military program has resulted in the establishment of structures and the national army. this means
for the senate, a nurse who worked in cambridge, minnesota, a town north of the twin cities, she came to me and she told me that in the hospital she worked in, very often they would admit a senior who was very sick and the doctors would treat this senior and get them back on their feet and send them out, send them home with their prescriptions. and as this started, they would call the drugstore, the pharmacy a few days later, a week later, and say, "is mrs. johnson, has she filled these prescriptions?" and the pharmacist would say, "no." because she was in her doughnut hole. well, a couple weeks later, mrs. johnson would be back in the hospital. how wasteful is that? how -- why? why is that -- that costs a tremendous amount of money to our system. this is saving money. this is health care reform. this is medicare reform. it's improving people's health and saving money at the same time. so we have increased benefits, we've extended the life of medicare. that was done as part of health care reform. that is medicare reform. now, in the election, we had a discussion about this. there were a lot
at the conference in the heart of new york city, but then on cnbc. the company coming out trying to defend itself, but you'll see shares of hlf, that being herbalife, still down 10% at this hour. let's bring in allen valdez from dme securities. let me just ask you first about this deal. i.c.e. and the nyse, you're a trader. you make your living down on the floor of this new york stock
in california, please, tom. >> caller: hi, jim. from sunny warm san diego, america's finest city. >> i like the dats. >> caller: i'm a financial adviser and longtime viewer who appreciates what you do to educate and motivate investors. >> thank you. >> caller: i'm wondering if you would share your objective criteria are for investors to use in determining best of breed. thank you. >> well, i've got to tell you, best of breed, start with record dividends and then i go to how a company has done and consistently in good and bad times, and, yes, for best of breed i actually look at the product itself. is the product i want to use, a bank i want to go to? is it, to use the danny meyer phrase, a great restauranteur, is it the one that's the most hospitable to share holders? anyway, new diversification. it's important. it's what we're preaching tonight. make sure your portfolio is home to some gold, a high yielder, okay. you need a growth stock. you know what, you need geographically safe area for one of them. i'll teach you how to pick the best ones. i want you to be comfortable with your own por
.1 ounces in new york city. things are going in a very strange direction. does that factor into your thinking? pizza is not thought of as health food. >> you put a bunch of vegetables on it and it can be healthy. there are some menu labelling issues. >> when are you guys going to follow him right in there? if you look at the ties over here, they're disappearing quickly. >> cold pizza has been a staple for a long time. i think that's going to remain our core entrance into the breakfast market. >> yeah. you don't need eggs, either. it's basically bread, chicken and cheese. that doesn't seem like a -- usually i don't eat anything until like 10:30 or something. and one egg. you really shouldn't do that if you're up at 3:30, right? >> if you're up at 3:30, i think you need a meal. highly recommend pizza. >> how come the holiday sess a bigger time for you, patrick? >> you know, as families start to get together, as the weather gets colder, people tend to stay in. they're out shopping or they're just very busy. and they get home, they need something convenient and so we're out hiring somewh
. so, can i sell it to you? i can't sell it with passion. but i will say that this is action in a city called washington, or sometimes in texas we call it washington-stand where people never get anything done or don't appear to be easily able to get things done. we do get things done. we make a decision and we proceed. >> i think that's one thing you can say about the fomc and this leader's chairmanship. we're going in new direction. the question is, is the efficacy of what we're doing solid or not? we'll continue to examine that. and if it's not, we're going to have to change course. it's the best i can tell you, joe. >> i understand. i understand. and you're a reasonable, calm, conciliatory, collegial, the fed is very collegial. but i would -- >> that's right. >> -- at some point wonder whether you might just snap? because you've been on in the past, with much less significant, and much less -- much smaller actions were being taken that really raised your eyebrows, and i -- that we know you really weren't behind. and maybe it's the, you know, as it keeps happening nothing surprises u
day in inner city neighborhoods, a child gets shot. and it doesn't make the news. that's in every one of those neighborhoods. we never talk about it. i think this is bringing it to our attention because it's neighborhoods like we live in, right? and that bothers me that suddenly society becomes gripped when you have a much bigger ongoing tragedy. i think that says something about our mentality. and you know, i actually think that's why we have a constitution. because, it's when you have tragedies, and when emotion is running high, that you actually need a break to step back from the emotion and think about what's going on. >> wait a second. some of the things that have been proposed have been simply bringing back a ban on assault rifles that was brought here in 1994. >> which the justice department studied and found it was ineffective. you know, sure if we want to do it, that's fine. it passed the constitutional test. but, i don't think that is going to solve our problem. >> it may not solve the problem. it may not have stopped this situation. but it would certainly have some impact.
to be sitting down with bill ackman today after his presentation today in new york city. you'll be able to see during the fast money halftime report. >> google agreeing to sell a set top tv boxmaker called motorola home. the price tag is $2.4 billion in cash and stock. era is a georgia based equipment maker and the shares jumped after hours. >> when we return a major winter storm wreaking havoc across the central plains. draco will make holiday travel difficult. an update right after this. and then it's your tools of the trade. oil, gold and more as we get ready for another day on trading on wall street. "squawk" will be back. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer
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